Global Virtual Router Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Virtual Router Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global virtual router market report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global virtual router market size reached US$ 220.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 745.4 Million by 2028, exhibiting a growth rate (CAGR) of 21.7% during 2023-2028.
A virtual router refers to a software-driven routing solution, functioning within virtualized network infrastructure to facilitate the transfer of data packets between diverse computer networks. It can be implemented in existing virtual machines, cloud setups, or server platforms, providing scalability and resource efficiency for businesses. Compared to physical routers necessitating specialized hardware, it offers increased adaptability and cost-efficiency. Network administrators can establish, oversee, and customize routing features within a virtualized setting, optimizing data flow among networked devices. Additionally, it efficiently manages various routing protocols to ensure smooth connectivity and effective data transmission in intricate network setups.
Global Virtual Router Market Trends and Drivers:
Currently, the market is witnessing substantial growth due to the rising utilization of virtual routers, primarily attributed to their downtime reduction benefits. Moreover, their increasing acceptance, driven by the elimination of hefty hardware investments and reduced maintenance costs, further fuels market expansion. Additionally, the global demand for economical networking solutions in both small and large businesses presents an attractive growth prospect for industry participants. Furthermore, the market is propelled by the surge in adoption of cloud computing and virtualization technologies.
Global Virtual Router Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 6WIND, Allied Telesis Inc., Arista Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, Palo Alto Networks Inc. and ZTE Corporation.
The report segmented the market on the basis of region, component, type and end user.
Breakup by Component:
- Solution
- Service
Breakup by Type:
- Pre-defined
- Custom
Breakup by End User:
- Service Provider
- Enterprise
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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